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Broker Comparison

Freetrade vs Interactive Brokers

Compare Freetrade and Interactive Brokers side by side: fees, regulation, platforms.

Freetrade

Freetrade

Low-cost long-term investors

Freetrade is an investing platform with ยฃ0 dealing commissions, free ISA and SIPP access, stocks, ETFs, fundsโ€ฆ

VS
Interactive Brokers

Interactive Brokers

Active investors and multi-asset traders

Interactive Brokers is a multi-asset broker with stocks, ETFs, options, futures, currencies, bonds, funds andโ€ฆ

Head-to-head comparison

Freetrade vs Interactive Brokers
Feature Freetrade Interactive Brokers
Minimum deposit โ€” โ€”
Stock trading fee ยฃ0 dealing commission per trade โ€”
Regulators FCA SEC, CFTC, FINRA, FCA, CBI, ASIC, SEBI, MAS, CIRO
Best for Low-cost long-term investors Active investors and multi-asset traders
Markets & account
Stocks
ETFs
Forex
โ€”
Crypto
Bonds
Options
โ€”
Futures
โ€”
Funds
Fractional Shares
Ready Made Portfolios
โ€”
Isa
โ€”
Sipp
โ€”
Investment Plans
โ€”
Margin
โ€”
Multi Currency
โ€”
Demo Account
โ€”

Pros & cons

Freetrade

Freetrade

Pros

  • ยฃ0 dealing commission per trade
  • Basic plan has no monthly subscription fee
  • ISA and SIPP available on the ยฃ0 Basic plan
  • FX fees fall from 0.99% to 0.39% on Plus
  • US fractional shares support smaller orders
  • Cash earns 1% to 3.5% AER on plan-based limits
  • Recurring, limit and stop-loss orders are available
  • Eligible cash protection is listed up to ยฃ120,000

Cons

  • Basic FX fee is 0.99% on non-GBP trades
  • Standard costs ยฃ5.99 per month when billed monthly
  • Plus costs ยฃ11.99 per month when billed monthly
  • Fractional share elements cannot be transferred
  • Direct Debit cash is not usually withdrawable for 3 working days
  • Crypto ETNs are not protected by FSCS
  • Treasuries cannot be sold before maturity
  • Cash additions must be in pounds sterling
Interactive Brokers

Interactive Brokers

Pros

  • $0 Lite commissions on US stocks and ETFs
  • IBKR Pro stocks from USD 0.0005 per share
  • US options from USD 0.15 per contract
  • Margin loans start at USD 4.14%
  • Cash interest up to USD 3.14%
  • No inactivity fees
  • No minimums for general investment accounts
  • Paper trading with simulated funds

Cons

  • IBKR Pro stocks cost up to USD 0.0035 per share
  • IBKR Lite stock orders include PFOF
  • US options cost up to USD 0.65 per contract
  • Crypto execution and custody are for eligible clients
  • Forecast contracts are limited to eligible clients
Freetrade

Freetrade

Freetrade is an investing platform with ยฃ0 dealing commissions, free ISA and SIPP access, stocks, ETFs, funds, gilts, ready-made portfolios and Crypto ETNs.

Your capital is at risk. Other fees apply.

Interactive Brokers

Interactive Brokers

Interactive Brokers is a multi-asset broker with stocks, ETFs, options, futures, currencies, bonds, funds and crypto across web, mobile and desktop platforms.

Your capital is at risk. Other fees apply.

Not the right match?

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